The S&P/ASX 200 closed down 13.1 points (0.15%) at 8,780.1, as mining and energy stocks slid while banks and consumer companies rose. Zip Co. was the biggest loser, falling as much as 50.5% to A$1.025 after disclosing an 'external fraud event' in the United States, even as total income rose 17% to A$376.1 million. Iron ore fell to about US$90.73 a tonne and spot gold traded at about US$4,015 an ounce, weighing on miners. On Wall Street, the Nasdaq Composite dropped 2.9% after a tech sell-off, pushing the 10-year US Treasury yield below 5%.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on ibtimes.com.au ↗
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Related tickers and likely impact
AUD/USD
▼ Likely negativeRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/22/2026 | 0.70195 |
| Change that session | -0.13% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/22/2026 | 704.47 |
| Change that session | -2.86% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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